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Cable is looking a little tired at the highs, with 1.4500 having provided very strong offers yesterday – a number of attempts in both London and NY failing to breach this level...
German PPI Falls More Than Expected In February Germany's producer prices declined at a faster-than-expected pace in February, data from Destatis showed Friday. The producer price index fell 3.0 percent year-over-year in February, exceeding economists' expectations for a 2.6 percent decrease...
Euro Falls Ahead Of German PPI At 3:00 am ET Friday, German statistical office Destatis is due to release its producer prices report for February. Producer prices are expected to fall 2.6 percent year-over-year in February after the 2.4 percent drop in January...
Analysts at JP Morgan lower their USD/JPY end-2016 forecast to 103 (Prev. forecast 110) *JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City...
Gold Turns Negative as USD Strengthens Profit taking on USD shorts ahead of the weekend weighed over Gold as well, pushing the metal into the negative territory in European session...
EUR/USD Dips Below 1.13 on ECB Praet’s comments EUR/USD dipped to a session low of 1.1279 levels after ECB’s chief economist assured markets that the central bank has not run out of ammo and could cut rates further. Trades below key Fibo The spot trades below 1.1293, which is the 23...
On Friday the U.S. #dollar is gradually recovering versus other #currencies. Recall that the dollar was knocked down with the results of the #Fed meeting on Wednesday. However, today, #investors are tempering justice with mercy, and the "greenback" is rising again...
FXWIREPRO: EUR/JPY Extends Decline After Rejection a Falling Trendline Resistance EUR/JPY is extending decline on the day after seeing rejection at strong trendline resistance on Thursday's trade. Pair has been rejected multiple times at trendline since Mar 11th trade...
The current theme on the market is to sell USD’s, but after some heavy losses in the wake of the FOMC, we may see some moderation set in, especially ahead of the weekend. All the major pairings are losing a little traction, and even USD/JPY looks to have moderated since the 111...
Technical Analysis of USD/CHF for March 18, 2016 USD/CHF is expected to trade in a lower range and continue its downside movement. The pair is heading downward, capped by its falling 50-period moving average. Currently trading at 0...
Technical Analysis of NZD/USD for March 18, 2016 NZD/USD is expected to continue its upside movement. The pair is in a solid uptrend, supported by its ascending 50-period moving average...
Technical Analysis of GBP/JPY for March 18, 2016 GBP/JPY is expected to trade with a bullish bias. The pair, which is trading around the 20-period (30-minute chart) moving average, is retesting the first upside target at 161.85...
Elliott Wave Analysis of EUR/NZD for March 18, 2016 Wave summary: Overnight a spike to a low of 1.6435 has been seen. This likely marks the end of a small wave two correction and a minor wave three higher is about to take off...
Dirk Schumacher, Research Analyst at Goldman Sachs, notes that the SNB, as widely expected, left policy rates unchanged at its March policy meeting...
18 March 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 12:30 Core CPI m/m CAD High 0.3% 0.5% Neutral 12:30 Core Retail Sales m/m CAD High -1.6% 0.6% Neutral 12:30 CPI m/m CAD Med. 0.2% 0...
Dollar Tumble Impressive Technically, Capable Fundamentally Talking Points: The Dollar's tumble after the Fed decision continues with a technical development that suits a reversal While the Greenback can slide as its previous untouchable rate advantage fades, it isn't a universal opportunity With...
Pre European Open, Daily Technical Analysis Friday, March 18, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1.1240 Most Likely Scenario: long positions above 1...
Henry Ohlsson, Deputy Governor of the Riksbank, argued that the current low level of interest rates could last until June/July 2017, and they’re expected to rise gradually since then. In this tone, Praet somewhat warned households who are trying to borrow money in order to buy a house...
